July 2014 Closers

[Celle31]

This thread is dedicated to all of the July closers out there.

My process has went by so fast. I started working with a broker in May, and got preapproved right before I found my house! I thought it would take forever to find "the one" because we are kinda low on houses for sale right now.

I saw the house online Friday, went to see Sunday, put in offer Monday and contract was signed Tuesday!! Oh, my!! I wasn't even gonna go look at houses until July!

Now closing is suppose to be in 3 weeks. This process is going by so fast!!! My file just went into processing...whatever that is!! and apraisal will be ordered soon...I guess!! So nerve wracking yet soooo exciting!!!

Here's my info so far...

Purchase Price: $199,900

Property: Single Family - 2423 sq ft
Toured unit on: 06/08/2014
Submitted Offer on: 06/09/14
Signed Purchase Contract on: 06/10/14
Inspection: Pending...06/13/2014
Purchase Contract Addendums: None

Final Contract: ?

Final Earnest $ Received: Pending... (will give deposit check on Friday , 06/13/2014.

Type of Loan: 30 year fixed FHA
Loan Rate: 4.0 -4.25% (floating for now)
Appraisal: Pending (my only fear, so far!)

Loan Conditional Approval: Pending

Additional Conditions: Pending
Clear to Close:  Pending

Closing Date: Tentative...07/02/14

Will update as more info become available!!

[jhutt50]

Purchase Price: $174,900

Property: Single Family - 2746 sq ft
Toured unit on: 05/17/14
Submitted Offer on: 05/18/14
Signed Purchase Contract on: 05/20/14
Inspection: 05/27/14
Purchase Contract Addendums: 5/28/14, 6/4/14

Final Contract: ?

Final Earnest $ Received: 5/25/14

Type of Loan: 30 year fixed FHA
Loan Rate: 3.75%
Appraisal: $184,000

Loan Conditional Approval: Pending

Additional Conditions: Pending
Clear to Close:  Pending

Closing Date: 7/1/2014

[Celle31]

Congrats!!! I wish I had your interest rate!

[hopingtogetahouse]

Purchase Price: $224,720 

Property: Single Family - 2425 sq ft
Toured unit on: 05/03/14
Submitted Offer on: 05/04/14 and then into negotiations until 5/19/14
Signed Purchase Contract on: 05/19/14
Inspection: 05/24/14
Purchase Contract Addendums: none

Final Contract: 5/20/14

Final Earnest $ Received: 5/20/14

Type of Loan: 30 year fixed VA
Loan Rate: 4.25%
Appraisal: 6/3/2014 came in above purchase price! 

Loan Conditional Approval: 6/07/214

Additional Conditions: none
Clear to Close:  Pending

Closing Date: 7/10/2014

[2000ExplorerXLS]

Purchase Price: $192,000

Property: Single Family - 3642 sq ft
Toured unit on: 05/16/2014
Submitted Offer on: 05/017/14
Signed Purchase Contract on: 05/22/14
Inspection: 5/28/14
Purchase Contract Addendums: None

Final Contract: ?

Final Earnest $ Received: Pending

Type of Loan: 30 year fixed FHA
Loan Rate: 3.75%
Appraisal: Pending

Loan Conditional Approval: Pending

Additional Conditions: Pending
Clear to Close:  Pending

Closing Date: 07/11/14 Sellers on vaction first two weeks of July

Extremely excited!

[TheGardner]

Purchase Price: $181,000

Property: Single Family - 2910 sq ft
Toured unit on: 05/09/14
Submitted Offer on: 05/10/14
Signed Purchase Contract on: 05/14/14
Inspection: 05/19/14

Final Contract: 5/23/14

Final Earnest $ Received: 5/15/14

Type of Loan: 30 year fixed VA
Loan Rate: 3.85
Appraisal: 06/06/14

Clear to Close:  Pending

Closing Date: 7/25/2014

taking forever a bit stressful!

[myesha87]

Purchase Price: $142,500

Location: Gladstone, MO(suburb of Kansas City, MO)

Property: Single Family - 2290 sq ft
Toured unit on: 05/27/14
Submitted Offer on: 05/29/14
Signed Purchase Contract on: 05/29/14
Inspection: 06/05/14
Purchase Contract Addendums: 06/10/14

Final Contract: ?

Final Earnest $ Received: 5/30/14

Type of Loan: 30 year fixed FHA
Loan Rate: 3.85%
Appraisal: 6/20/2014

Loan Conditional Approval: Pending

Additional Conditions: Pending
Clear to Close:  Pending

Closing Date: 7/7/2014

[Celle31]

---

@Celle31 wrote:

Purchase Price: $199,900

Property: Single Family - 2423 sq ft
Toured unit on: 06/08/2014
Submitted Offer on: 06/09/14
Signed Purchase Contract on: 06/10/14
Inspection: Pending...06/13/2014
Purchase Contract Addendums: None

Final Contract: ?

Final Earnest $ Received: Pending... (will give deposit check on Friday , 06/13/2014.

Type of Loan: 30 year fixed FHA
Loan Rate: 4.0 -4.25% (floating for now)
Appraisal: Pending (my only fear, so far!)

Loan Conditional Approval: Pending

Additional Conditions: Pending
Clear to Close:  Pending

Closing Date: Tentative...07/02/14

Here's My 1st of many updates!!!

Purchase Price: $199,900

Property: Single Family - 2423 sq ft
Toured unit on: 06/08/2014
Submitted Offer on: 06/09/14
Signed Purchase Contract on: 06/10/14
Inspection: 06/13/2014
Purchase Contract Addendums: Pending

Final Contract: Pending (within 72 hours)

Final Earnest $ Received: 06/13/2014.

Type of Loan: 30 year fixed FHA
Loan Rate: 4.00
Appraisal: Pending (my only fear, so far!)

Loan Conditional Approval: 06/06/2014 (Preapproval)

Additional Conditions: 06/16 so far
Clear to Close:  Pending

Closing Date: Tentative...07/02/14

So updates include locking in interest rate, inspection completed. Inspeciton showed some repairs that are needed so we are in negotiations with the seller about repairs (nothing really major). After the negotiations are complete, then I will have my final contract.

Oh yeah! I almost forgot...my file is in underwriting now and they are asking for stuff already!! Stressful!! There goes my diet!!!  

Congrats to everyone!!!

[yepbob]

OMG - well I get to finally post some stuff

Purchase Price:  $282,500

Property:  Single Family - 2428 sq ft

Submitted offer on:  6/6/2014 (back up offer as first offer had contingencies and we had none)

Signed Purchase Contract on: 6/10/2014 (lot of negotiations and it was an estate sale)

Inspection: tbd

Final Earnest $$:  6/13/2014

Type of Loan:  FHA 30 year fixed

Loan Rate: 4.125 locked today

Appraisal:  Pending

Loan Conditional Approval: 6/6/2014 (full preapproval through underwriter)

Additional Conditions:  None so far

Clear to Close: Pending

Closing Date:  7/31/14 or sooner

[Celle31]

---

Celle31 wrote:

Here's My 1st of many updates!!!

Purchase Price: $199,900

Property: Single Family - 2423 sq ft
Toured unit on: 06/08/2014
Submitted Offer on: 06/09/14
Signed Purchase Contract on: 06/10/14
Inspection: 06/13/2014
Purchase Contract Addendums: Pending

Final Contract: Pending (within 72 hours)

Final Earnest $ Received: 06/13/2014.

Type of Loan: 30 year fixed FHA
Loan Rate: 4.00
Appraisal: Pending (my only fear, so far!)

Loan Conditional Approval: 06/06/2014 (Preapproval)

Additional Conditions: 06/16 so far
Clear to Close:  Pending

Closing Date: Tentative...07/02/14

So updates include locking in interest rate, inspection completed. Inspeciton showed some repairs that are needed so we are in negotiations with the seller about repairs (nothing really major). After the negotiations are complete, then I will have my final contract.

Oh yeah! I almost forgot...my file is in underwriting now and they are asking for stuff already!! Stressful!! There goes my diet!!!  

Congrats to everyone!!!

---

 Here's My 2nd of many updates!!!

Purchase Price: $199,900

Property: Single Family - 2423 sq ft
Toured unit on: 06/08/2014
Submitted Offer on: 06/09/14
Signed Purchase Contract on: 06/10/14
Inspection: 06/13/2014
Purchase Contract Addendums: 06/16/2014

Final Contract: Pending... 2 day extension given to homeowners!

Final Earnest $ Received: 06/13/2014.

Type of Loan: 30 year fixed FHA
Loan Rate: 4.00
Appraisal: Ordered. Will be completed this week! Fingers Crossed!

Loan Conditional Approval: 06/06/2014 (Preapproval), 6/19 (Out of Underwriting)

Additional Conditions: 06/16, 06/19
Clear to Close:  Pending

Closing Date: Tentative...07/02/14

Updates include...owners requested a extention on repairs addendum (we gave them 2 more days).

File approved through underwriting with simple conditions! LOE given to then already and appraisal (which we are waiting on)!  After appraisal received (fingers crosses), we will have our clear to close!!!!

Receiving preapproval through underwriting before looking for a house is the way to go! The only thing they requested was a couple of LOE and signed 4506-T.

Underwriting was less stressful than I thought due to most of our paperwork had already been turned in and reviewed.

Less that 2 weeks to go...soooo ready!